MARKETS / NASDAQ / BGIN

NASDAQ · FINANCE SERVICES · SMALL CAP

Bgin Blockchain Ltd. BGIN

3 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$67.4M

▼ 77.7% YoY

Net income

$-177.0M

▼ 367.5% YoY

Free cash flow

$-171.1M

In brief

What this company does

Through its operating subsidiaries, Bgin Blockchain is a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. Bgin Blockchain was established as a cryptocurrency mining business in 2019. Bgin Blockchain primarily generates revenue from selling self-designed mining machines, conducting mining operations, operating mining pools, and providing mining machine hosting services to customers. Bgin Blockchain designs its mining machines to address the needs of miners of all sizes. As of December 31, 2025, Bgin Blockchain hosted a total of 825 machines on behalf of its customers, of which three were in operation and 822 were non-operational at its mining farm located in York, Nebraska. Bgin Blockchain and its subsidiaries had a total of 88, 109, 36 employees and PRC individuals with whom they maintain service or freelancer agreements as of December 31, 2025, 2024 and 2023, respectively.

Written from the business description in BGIN BLOCKCHAIN LIMITED's annual report to the U.S. Securities and Exchange Commission, filed 28 April 2026. Every sentence was checked against that document before publication.

Growth

USD 67.4M

Revenue, FY2025 · full 3-year series below

Revenue $M Net income $M

FY2025 · Revenue 67.4 · Net income -177.0

Compound annual growth

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−263 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -261.3% · Net -262.6%

ROE

FY2025 · ROE -134.0%

Gross margin-112.2%

Operating margin-261.3%

Net margin-262.6%

Return on assets-97.3%

EBITDAUSD -155.0M

Each USD of equity lost 134 cents this year.

Cash & shareholders

USD 4.1M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -171.1

Net buybacks $M Dividends $M

FY2025 · Dividends 4.1 · Net buybacks —

Dividends paidUSD 4.1M

Net buybacks—

Share of profit-2.3%

Consecutive raises—

USD 4.1M in dividends went back to shareholders in a year without profit.

Total assetsUSD 92.8M

EquityUSD 54.5M

CashUSD 26.3M

Current ratio1.68×

Equity funds 59% of total assets.

The 3-year record

3 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023
Revenue $B	0.1	0.3	0.3
Operating income $B	−0.2	0.1	0.2
EBITDA $B	−0.2	0.1	0.2
Income tax $B	0.0	0.0	0.0
Net income $B	−0.2	0.1	0.1
Free cash flow $B	−0.2	−0.2	−0.0
EPS, diluted $	−1.62	0.61	1.30
Dividend / sh $	·	·	·
Payout %	−2	·	·
ROE %	−134.0	31.5	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 13 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 82 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityFinance Services

Listed onNASDAQ

Incorporated inoutside the United States — SEC code E9

Fiscal year endsDecember 31

SEC categoryemerging growth company

Data on record since2023